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Hongyang Real Estate Group Co., Ltd. is a Chinese investment holding company mainly engaged in real estate development, property leasing, commercial property investment and operation and hotel business. The company's business is mainly divided into three divisions: real estate development and sales division, commercial property investment and operation division and hotel business division.
Hongyang Real Estate is a leading comprehensive real estate developer in Jiangsu Province, China, specializing in residential property development and commercial and composite property development, operation and management.
By taking root in Nanjing, ploughing Jiangsu and the director's triangle, Hongyang Real Estate has established a solid regional leading position in Jiangsu Province. Since the establishment of Nanjing Red Sun Registration in 1999, Hongyang Real Estate has worked in the field of real estate development and sales for nearly 20 years, successfully established the "Hongyang" brand, and its development strength and industry status have been widely recognized. Hongyang property mainly operates in the Yangtze River Delta region, which is one of the most prosperous and active regions in China.
Hongyang real estate business operation includes three main business divisions: real estate development and sales; commercial property investment and management; hotel business.
From January 1, 2015 to March 31, 2018, Hongyang Real Estate has developed a number of property portfolios, including 25 completed projects, 50 projects under development, and 18 for future development. For the years ended December 31, 2015, 2016 and 2017, the income from real estate development and sales was 5124.2 million yuan, 8,549.0 million yuan and 5938.4 million yuan respectively, accounting for 95.3%, 97.4% and 96.7% of the total income in the same period, respectively.
Hongyang Real Estate holds and operates most of the developed commercial properties. These commercial properties mainly include Nanjing Hongyang Plaza and a number of other retail spaces supporting residential properties of Hongyang Real Estate. Hongyang Properties holds these commercial properties for long-term investment and capital appreciation purposes and leases these commercial properties to generate rental income. In addition, Hongyang Real Estate collects fees for the use of venues and advertising spaces from specific tenants. For the years ended December 31, 2015, 2016 and 2017, the income generated by commercial property investment and operation was 226.7 million yuan, 193.1 million yuan and 166.4 million yuan respectively.
Hongyang Real Estate also operates the Nanjing Hongyang Hotel in Jiangsu Province and the Luokefei Hotel in Wuxi City, Jiangsu Province. For the years ended December 31, 2015, 2016 and 2017, the revenue generated by the Hongyang hotel business was 25.9 million yuan, 33.4 million yuan and 34.9 million yuan, respectively.